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California Proposition 15, Deposit of Money Amendment (1932)
| California Proposition 15 | |
|---|---|
 | |
| Election date November 8, 1932 | |
| Topic Banking | |
Status Approved | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 15 was on the ballot as a legislatively referred constitutional amendment in California on November 8, 1932. It was approved.
A “yes” vote supported allowing any public or municipal corporation to deposit money in any national or state bank within California or outside the state for payment of principal or interest of bonds from places outside California. |
A “no” vote opposed allowing any public or municipal corporation to deposit money in any national or state bank within California or outside the state for payment of principal or interest of bonds from places outside California. |
Election results
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California Proposition 15 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
873,288 | 62.72% | ||
| No | 519,092 | 37.28% | ||
Text of measure
Ballot title
The ballot title for Proposition 15 was as follows:
| “ | Deposit of Public Moneys | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Assembly Constitutional Amendment 33. Amends Section 16 ½ of Article XI of Constitution. Extends to any public or municipal corporation within this State provisions of said section permitting deposit in national or state banks within this State or moneys belonging to or in custody of the State, or any county or municipality thereof: also extends to such public or municipal corporation provisions of said section permitting deposit in banks outside this State of moneys for payment of principal or interest of bonds Issued by such corporation and payable at places outside this State. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the California Constitution
A two-thirds vote was needed in each chamber of the California State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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